Before It's News | Popular Money
Deflation Warning: Money Manager Startles Global Conference
By: Elliott Wave International | Thu, Jul 18, 2013 History shows that the U.S. should pay attention to economies in Europe Safe Haven The economy has been sluggish for five years. There's no shortage of chatter about "why," yet few observers mention deflation. One exception is a hedge fund manager who spoke up at the recent Milken Institute Global Conference.
Global Tax Chaos Coming
By tothetick on July 19, 2013 The OECD has stated in a report commissioned by the G20 that there will be “global tax chaos” in the next few years due to falling tax revenues from multinational companies around the world. Perhaps we could have saved a few thousand dollars by not commissioning the OECD report, since we could have all told them that was going to happen. It really does come to something when we waste the money that we don’t have on reports that we don’t need. Sometimes people get money for old rope it seems.
Russia & The Next Oil Crisis
Cliff Droke * Gold Seek On the global market scene, Russia has been one of the major laggards this year. The Market Vectors Russia ETF (RSX), a reflection of the country’s stock market, fell 22% from its high earlier this year. RSX was testing a three-year low not more than a month ago and seemed to be in danger of breaking below this major long-term support. Keeping in mind that the stock market is the single best barometer of future business and economic conditions, as per the old Dow Theory saw, things looked pretty bleak for Russia this summer…that is until the country caught a break from a major development in the commodities market.
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